Rankings of the European House Prices Index over the last 5 years to December 2022
Over the past five years, up until the end of December 2022, the European real estate market has experienced varying degrees of growth. We can categorize the countries into four distinct groups based on their real estate evolution:
Group 1: European countries with exceptional real estate price Growth
- Luxembourg: 62.4%
- Portugal: 56.0%
- Croatia: 55.4%
- Netherlands: 53.9%
In this group, Luxembourg leads the pack with an impressive 62.4% growth, followed closely by Portugal, Croatia, and the Netherlands, all experiencing over 50% growth in their real estate markets.
Group 2: European countries with Strong Growth property prices growth
- Austria: 48.0%
- Germany: 38.2%
- Malta: 32.5%
- Ireland: 32.3%
Austria tops the second group with a solid 48% growth, with Germany not far behind. Malta and Ireland also showcase strong growth, with their real estate markets growing over 30%.
Eurostat Real Estate price 5 Year change to Dec 2022
Group 3: Moderate real estate Growth
- Romania: 26.5%
- France: 26.3%
- Belgium: 26.1%
- Spain: 24.4%
Romania, France, Belgium, and Spain fall into the third group, demonstrating moderate growth in their real estate markets, ranging from 24.4% to 26.5%.
Group 4: European countries with slow real estate prices evolutions
- Sweden: 17.6%
- Denmark: 14.0%
- Italy: 8.3%
- Finland: 6.8%
- Cyprus: 4.5%
Lastly, the fourth group consists of countries with more modest growth in their real estate markets. Sweden leads this group with 17.6% growth, while Denmark, Italy, Finland, and Cyprus all experienced single-digit growth rates over the past five years.
